Gap price target raised to $33 from $32 at Barclays

Barclays raised the firm’s price target on Gap (GAP) to $33 from $32 and keeps an Overweight rating on the shares. The company “convincingly beat” Q4 expectations across all key metrics, the analyst tells investors in a research note. The firm says three out of the four Gap concepts – Old Navy, Gap, and Banana Republic – are all taking share, with Athleta expected to stabilize in 2025. The company’s fiscal 2025 initial guidance “looks conservative and beatable,” contends Barclays.